98-12913. Delegation of Responsibilities Relating to the Transfer of the District of Columbia Pension Systems

[Federal Register Volume 63, Number 94 (Friday, May 15, 1998)]
[Notices]
[Page 27122]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12913]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

[Treasury Directive Number 13-20]


Delegation of Responsibilities Relating to the Transfer of the 
District of Columbia Pension Systems

May 7, 1998.

1. Purpose

    Pursuant to the National Capital Revitalization and Self-Government 
Improvement Act of 1997 (the ``Act''), certain responsibilities with 
respect to the pension systems for District of Columbia police officers 
and firefighters, teachers, and judges are being transferred to the 
Secretary of the Treasury. The purpose of this Directive is to define 
administrative functions which are within the scope of duties of the 
Treasury project manager for the transfer of the District of Columbia 
pension systems (``DC Pensions Project Manager'') and to delegate the 
authority necessary to carry out these functions to the DC Pensions 
Project Manager.

2. Delegation

    a. The DC Pensions Project Manager is delegated the authority to: 
(1) Request transfers from the District Retirement Fund pursuant to the 
Act to cover administrative expenses; (2) serve as the program official 
to execute reimbursable agreements with Treasury bureaus and other 
government agencies for providing services, including detailing staff 
to the project; (3) approve requisitions for procuring goods and 
services; (4) approve personnel actions; (5) coordinate with the Bureau 
of Public Debt on operational issues related to the District of 
Columbia Pension Trust Funds. The DC Pensions Project Manager shall 
exercise these authorities only after appropriate consultation with the 
Assistant Secretary (Financial Markets).
    b. This delegation will expedite the performance of the 
administrative functions necessary to fulfill Treasury's 
responsibilities under the Act for the DC pension programs. 
Accordingly, the delegation of authority to perform the listed 
functions shall be interpreted as broadly as necessary to enable the DC 
Pensions Project Manager to carry out administrative duties associated 
with the District of Columbia pension project without impediment.
    c. Functions which require the obligation of funds or certification 
that funds are available shall be coordinated in the usual manner with 
the Financial Management Division, Departmental Offices.

3. Redelegation

    The authority delegated herein to the DC Pensions Project Manager 
may not be redelegated. However, this authority shall transfer, as 
appropriate, to any official who subsequently may assume the 
responsibilities of DC Pensions Project Manager.

4. Authorities

    a. TO 101-05, ``Reporting Relationships and Supervision of 
Officials, Offices and Bureaus, Delegation of Certain Authority, and 
Order of Succession in the Department of the Treasury.''
    b. The National Capital Revitalization and Self-Government 
Improvement Act of 1997, Title XI of Pub. L. 105-33 (111 Stat. 251, 
712).

5. Reference

    Memorandum to Under Secretary (Domestic Finance) from Assistant 
Secretary for Management and Chief Financial Officer dated October 22, 
1997.

6. Expiration

    This Directive shall expire three years after the date of issuance 
unless superseded or cancelled prior to that date.

7. Office of Primary Interest

    Office of the Assistant Secretary (Financial Markets).
Gary Gensler,
Assistant Secretary (Financial Markets).
[FR Doc. 98-12913 Filed 5-14-98; 8:45 am]
BILLING CODE 4810-25-P